[BND] Kane's Beverage News Daily

Good Morning and Happy Friday. It's November 6, 2026.

Molson Coors Sees 21% to 24% Plunge in Underlying Net Before Taxes for 2026

Molson Coors Beverage Co. said it expects its underlying net profit before taxes to plunge 21% to 24% this year. Sales are expected to slip 1% to 2% on a constant-currency basis, it said. It noted that global beer industry volume, which has been softer in the second and third quarters, will remain soft in this quarter. In reporting its third quarter net sales slipped 1.6% to $2,926.5 million in the third quarter. the fifth largest global brewer reported a profit of $273 million.

Diageo's U.S. Sales Eased 3.7% in Quarter, but Grew 1.2% Worldwide

Diageo reports fiscal first-quarter net sales increased 1.2% to $4.9 billion, with positive organic growth partly offset by unfavourable foreign exchange and the impact of disposals.  Diageo's ADR's rose 4.37% in New York Stock Exchange trading.

Boston Beer Stock Jumps 3.14% in a Day

Among 10 leading alcohol beverage stocks, only three – Diageo, Constellation Brands and Boston Beer Co. – showed positive moves Thursday (11/5). Boston Beer jumped 3.14% to close at $228.32 in New York Stock Exchange Trading. The company was favorably mentioned in a Wall Street Journal article Thursday about how Diageo and Pernod Ricard missed the cocktails-in-a-can craze. It noted thaat with brands such as SunCruiser. 85% of Boston Beer's volume now comes from RTDs. There were other factors t

Rack & Riddle Launches Alcohol-Removed Sparkling Wine Program

Rack & Riddle, the nation’s leading custom sparkling wine producer, announces the full operational launch of its dedicated alcohol-removed sparkling wine program in partnership with Solos. Historically, a major sensory and taste barrier has restricted the alcohol-removed wine market, as standard dealcoholization methods systematically remove essential flavor and aroma components along with the alcohol. Even gentle methods typically result in the loss of key crucial aromatic compounds and taste.

Thanks for reading. See you on Monday or earlier – Joel